2 ms·
I guess this will push up the prices of labor-intensive things, and might reduce the prices of commodities that are capital- but not labor- intensive to extract
by FooBarBizBazz 4y ago
I guess this will push up the prices of labor-intensive things, and might reduce the prices of commodities that are capital- but not labor- intensive to extract. So robotically-mined open-pit coal will be cheap, and so will Midwestern wheat, and probably even vacation properties in scarce mountain or beach locations (making allowances for global warming). But if you want a barista to make your latte, that'll set you back $40, and if you want somebody to put a new roof on your house, God help you.